Institutional Account Setup

General

Authorised Persons

UBOs and Directors

Documents

FATCA and CRS

Welcome to Bequant's Institutional Account verification process. We thank you for your patience and hope to get you on your way as quickly as possible.
You can complete and submit required information by navigating at any time between the 4 tabs. To commence your application we propose you start with adding the Company information for your account.

Company Basic Information

Full Corporate Name

Required

Corporate Registration Number

Required

Country of Incorporation

Required

Nature of Business

Required

Company Telephone Number

Required

Company Website

Required

Company Registered Address

Address line 1

Required

Address line 2

Company City

Required

Company Postcode

Country

Required

Business Address

Business Address is different than the registered office address

Purpose of Institutional Account

Source of Funds

Business operates from any place of business in the US

Company is listed on a regulated stock exchange

Company is regulated by a financial services regulator, such as the Financial Conduct Authority or equivalent

Expected initial funding amount

Please state the expected amount of initial funding in the account. Required.

Currency

Required

Expected next year funding amount

Please state the expected amount of funding in the account in a year. Required.

Currency

Required

Please provide any crypto wallet addresses from which you will fund your account

Currency

Wallet address

Please state the number of cryptocurrency trades executed in the past calendar year

Currency

Number of trades

In relation to any Digital Assets and FIAT currency (together, “Funds”) transferred to Bequant and Bequant affiliated companies (“Bequant Group”), I declare that:

I am the Ultimate Beneficial Owner of the Funds

I am the representative of the Ultimate Beneficial Owner of the Funds (i.e. an authorized company officer)

I am the agent of the Ultimate Beneficial Owner of the Funds

Required

I declare that the Source of Funds is:

Salary

Business Funds

Other

Income

Dividends

Interest

Gifts

Source of funds

Please provide full details of the nature of the Source of Funds. Required.

I hereby acknowledge and confirm as follows:

I have read and I understand the Term Notes of this Application Form

Required

None of the Funds have originated from a jurisdiction in the Restricted Countries

Required

Neither the representative, agent nor Ultimate Beneficial Owner are resident of or are incorporated in a jurisdiction in the Restricted Countries, nor have been for 3 years prior

Required

The Source of Funds outlined above is true and accurate;

Required

The Funds do not form proceeds of crime under Applicable Law;

Required

The Funds do not represent the funding of terrorism under Applicable Law;

Required

The Funds have been duly declared to relevant taxation authorities and have been treated correctly in accordance with applicable tax laws;

Neither the representative, agent nor Ultimate Beneficial Owner is subject to a civil or criminal investigation into their Source of Funds or any asset freezing order;

Required

Neither the representative, agent nor Ultimate Beneficial Owner is subject to any sanctions listing including but not limited to UN Security Council Sanctions Committees Sanctions listing, OFAC & Bureau of International Security and Non-Proliferation, OFAV Specially Designated Nationals (SDN) List, Non-SDN List including Palestinian Legislative Council, UNSC Resolutions, EU Restrictive measures, European Union’s Common Foreign and Security Policy CFSP listing, UK HM Treasury watch lists, Her Majesty’s Treasury Consolidated List, HMT sanction regimes, Enhanced Sanctioned Countries List, Commodity Futures Trading Commission List of Regulatory and Self-Regulatory Authorities, Department of State watch list, Directorate of Defense Trade Controls list, European Union Designated Terrorists Consolidated List, FBI Hijack Suspects List, any Most-Wanted List, International Police Red Alerts, Unauthorized Banks List, Exclusion List, United Nations Consolidated List, World Bank Ineligible Firms List or any warning lists by financial authorities or disqualified directors and debarred companies list, or any other similar listing or sanctions or watch list, fall within any definition of a Politically Exposed Person or is subject to any international arrest or extradition warrants or related applications).

Required

Signed by

The Ultimate Beneficial Owner of the Funds

The representative of the Ultimate Beneficial Owner of the Funds

The agent of the Ultimate Beneficial Owner of the Funds

Required

Name

Required

Passport No

Required

Board Resolution

We certify that the following resolutions were duly passed by the Directors of the Company:

Bequant Exchange Limited and Bequant affiliated companies (“Bequant Group”) are hereby requested and authorised to open for the Company such account(s) as may now or from time to time be considered appropriate for the purposes of transacting and subscribing to the services and products of Bequant Group according to the relevant terms and conditions. *

Required

The Director(s) that sign the Application Form are hereby authorised to do so for and on behalf of the Company to do all acts, execute all documents, perform and enter into all agreements necessary or incidental for the purposes of opening and/or operating the account(s) with Bequant Group. *

Required

The person(s) Authorised to Operate the Account and any additional person(s) so indicated are hereby authorised to give instructions in relation to the account(s).

Required

Date the above resolutions were passed

Required

Experienced Investor Assessment

I am the Authorised person of the legal Entity that is submitting this application and I confirm and declare that:

Part 1: Please check all that applies

The entity is required to be regulated and/or authorised to operate in the financial market.

The entity meets at least two of the following size requirements:

Balance sheet total > EUR 20 million.

Net turnover > EUR 40 million.

Own funds total > EUR 2 million.

The Entitys main activity is investing in Digital Assets (this also includes entities dedicated to the securitization for assets and financial transactions).

The Entity is a national and/or regional government and/or public body that manages debt; a cenral bank; or an international organisation (e.g the World bank, the IMF, the ECB, the EIB and other similar international organisations).

None of the above.

I declare that the information provided is true, accurate and complete and Bequant is entitled to rely fully on such information and representation for all purposes, unless Bequant receives notice in writing about changes made to the information above thereafter.
I consent Bequant to categorise me as an Experienced Investor, either generally or in respect of a particular Digital Asset Service or transaction of Digital Assets, pursuant to Chapter 3 VFA Service Providers Rulebook.
I fully understand all possible consequences, including but not limited to compensation rights that may arise from being recognised as an Experienced Investor.

Name

Required

Passport No

Required

Risk Declaration

We, jointly and severally, declare that:

We hereby request and authorise Bequant Group to open account(s) for the Company.
We have read and understand the Terms of Business of Bequant.
We warrant that we have full power and authority to open and operate the account(s) in accordance with the above resolutions, the Company’s articles & memorandum of association and any other constitutional documents and without breach of any law, restriction or obligation binding on the Company.
We have provided true, accurate and complete information and authorise you to make any enquiries which you may consider necessary for confirmation of such information and undertake to update Bequant Group of any changes to the information provided without delay.
We consent and permit Bequant Group to execute our orders on or off premise.
We consent for any of unexecuted limit orders not to be made public.
We give explicit consent to Bequant Group to retain and process any personal information and that of the Company.
We accept that in certain circumstances Bequant Group will be obliged to share information with UK and Malta regulatory authorities, who may pass it on to other authorities.
We accept and agree to be bound by the terms provided above and consent to such terms and information including future updates to these be provided to us by way of posting on the website indicated above; and each director, shareholder and other authorised person of the Company consent to the use of their personal information.

In deciding to trade in Digital Assets, we are aware of the following:

We have read and understood the nature and the risk of the products that the Company intends to trade in the account(s). We are satisfied that the products are suitable for us in light of our circumstances and financial position.
We understand that the market for Digital Assets is still new and uncertain. Whether the market will move up or down, or whether a particular Digital Asset will lose all or substantially all of its value, is unknown. This applies both to traders that are going long and to traders that are shorting the market.
Markets for Digital Assets have varying degrees of liquidity. Lack of liquidity can amplify volatility. There is no guarantee that there will be an active market for one to sell, buy, or trade a specific Digital Asset. Furthermore, any market for tokens may abruptly appear and vanish.
In addition to liquidity risks, values in any Digital Assets marketplace are volatile and can shift quickly. Participants in any Digital Assets market are warned that they should pay close attention to their position and holdings, and how they may be impacted by sudden and adverse shifts in trading and other market activities.
We understand that the legal status of specific Digital Assets may be uncertain. This can mean that the legality of holding or trading them is not always clear. Whether and how one or more Digital Assets constitute property, or assets, or rights of any kind may also seem unclear.
We understand that we are responsible for knowing and understanding how Digital Assets will be addressed, regulated, and taxed under applicable law.
We understand the nature of Digital Assets, the technology involved and the extent of our exposure to market and liquidity risk.
If we trade in Digital Assets, we may sustain a total loss of the deposited funds and/or stored Digital Assets.
We hereby agree to hold harmless Bequant Group from any liability arising out of the its performance to the fullest extent permitted by law for a director or officer of a company, except to the extent of negligence or wilful misconduct of such company.

Name

Required

Passport No

Required

Add and Verify Authorized Users of the Account.

An authourized User will have the credentials to login into the account and use its full functionality.

Every account has to have at least one Authorized User.

Add and Verify Ultimate Beneficial Owners and Directors.

Please submit Personal Verification documents for all Directors and Ultimate beneficial Owners (Direct or indirect shareholding of 10% or more).

Required Docs:

Proof of address
Identity document
FATCA eligibility

All companies must submit:

1. Organisational Chart (duly signed by an authorised representative of the Company not more than 3 months old)

Organisational Chart

Required

2. Do you plan to deposit or withdraw Fiat on our platform? To enable this functionality we will need your bank account details from or to which you will deposit or withdraw fiat currencies.

Other supporting documents

Company type

Corporate Entity (LTD, LLC, Limited etc.)

Limited Partnership / Association / Other Organization

Trust

Required

FATCA and CRS

Tax authorities require Bequant Group to collect and report certain information about Account Holder’s tax residency statuses to comply with the Foreign Account Tax Compliance Act (FATCA) and Common Reporting Standard (CRS).

To enable Bequant Group to comply with its obligations to report to the relevant tax authorities, you are required to state the residency for tax purposes of the entities identified as the holder(s) of a Financial Account.

In this part of the application these entities are cumulatively referred to as the Account Holder(s)

Account Holder Information

Full Corporate Name

Required

Country of Incorporation or Organisation

Required

Address line 1

Required

Address line 2

Company City

Required

Company Postcode

Country

Required

Company GIIN

Company Sponsoring Entity

Tax Residence

I certify the tax residence countries provided represent all countries in which the entity is considered a tax resident.

Required

CRS Status

Account Holder is a Financial Institution.

Required

Select the category of NFE which applies to the entity

Governmental Entity, International Organisation, or Central Bank

A corporation the stock of which is regularly traded on an established securities market (or entity related to such a corporation)

A Start-up Company formed in the past 24 months

Other Active NFE

Passive NFE (Complete Controlling Persons part below)

FATCA Status

Account Holder is a U.S. Person.

Required

Select a classification that matches your FATCA status:

Select only a single category. If the category is Passive NFFE, then complete the Controlling Persons part (see definitions of categories)

Participating FFI (Provide GIIN in 'Account Holder Information')

Local/Partner Jurisdiction FFI (Provide GIIN in 'Account Holder Information')

Deemed-Compliant FFI

Nonparticipating FFI

Exempt Beneficial Owner

Direct Reporting NFFE (Provide GIIN in 'Account Holder Information')

Sponsored Direct Reporting NFFE (Provide GIIN and sponsor’s name in 'Account Holder Information')

A Start-up Company formed in the past 24 months

Other Active NFFE

Passive NFFE (Complete Controlling Persons part below)

Controlling Persons

Declarations and Signature

I, the authorized representative of the Account Holder, understand that the information supplied by me in this Certification is covered by the full provisions of the terms and conditions governing my/the Account Holder’s relationship with Bequant Group setting out how Bequant Group may use and share the information supplied by me to Bequant Group.

I acknowledge and agree that information contained in this Certification and information regarding the account(s) set out above may be reported to the tax authorities of the country in which the account is maintained and that those tax authorities or Bequant Group may provide the information to the country or countries in which I/the Account Holder am/is resident I undertake for tax to purposes. I advise Bequant Group promptly of any change in circumstances which causes the information contained herein to become incorrect and to provide Bequant Group a suitably updated Certification and/or attachment within 30 days of such change in circumstances.

I certify that I am authorized to sign for the Account Holder of all the account(s) to which this form relates.

I declare that all statements made on this form/in this Certification are, to the best of my knowledge and belief, true, correct and complete.

I agree that I will submit a new certification within 30 days if any information on this form becomes incorrect.

Signed by the Authorized Representative of the Account Holder

Name

Required

Passport No

Required